PUBLIC NOTICE TO CREDITORS REGARDING OBJECTIONS TO A SMALL-SCALE MERGER
SNT Motiv Co., Ltd. (hereinafter “SNT Motiv”), at a meeting of its Board of Directors
held on October 1, 2026, approved a merger by absorption pursuant to Article 527-3
of the Korean Commercial Act, whereby SNT Motiv will be the surviving company and
SNT Robotics Co., Ltd. (hereinafter “SNT Robotics”) will be the non-surviving company.
(Merger Effective Date: November 3, 2026)
As SNT Motiv, the surviving company in this merger, holds 100% of the issued shares of SNT Robotics, the non-surviving company, the merger will be effected without any increase in share capital. Accordingly, the merger ratio has been determined as SNT Motiv : SNT Robotics = 1 : 0. SNT Motiv will not issue any new shares to the shareholders of SNT Robotics, and there will be no increase in SNT Motiv’s share capital.
Upon the merger, SNT Motiv will succeed to all assets, liabilities, rights and obligations of SNT Robotics, and SNT Robotics will be merged with and into SNT Motiv and cease to exist.
Notice is hereby given pursuant to Article 527-5 of the Korean Commercial Act. Creditors who have objections to this merger are requested to submit their objections to SNT Motiv in accordance with the details below.
1. Submission of Objections by Creditors